Usha Martin (LUX:USHMA) ROCE % : 21.08% (As of Mar. 2024)

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What is Usha Martin ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Usha Martin's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.08%.

Usha Martin ROCE % Historical Data

The historical data trend for Usha Martin's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Usha Martin ROCE % Chart

Usha Martin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.23

13.86

19.65

21.22

22.46

Usha Martin Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.27	22.66	24.35	23.48	21.08

Usha Martin ROCE % Calculation

Usha Martin's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	69.174	/	( ( (375.223 - 86.204)	+	(401.117 - 74.183) )	/ 2 )
	=	69.174	/	( (289.019	+	326.934)	/ 2 )
	=	69.174	/	307.9765
	=	22.46 %

Usha Martin's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	68.904	/	( ( (0 - 0)	+	(401.117 - 74.183) )	/ 1 )
	=	68.904	/	( ( 0	+	326.934 )	/ 1 )
	=	68.904	/	326.934
	=	21.08 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Usha Martin (LUX:USHMA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Usha Martin (LUX:USHMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usha Martin Ltd (LUX:USHMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

USHAMART:India 517146:India

Address

2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071

Website

https://www.ushamartin.com

Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India.

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